This form is an assumption agreement for a Small Business Administration (SBA) loan. Party assuming the loan agrees to continue payments thereon. SBA agrees to the assumption of the loan and release of original debtor. Adapt to fit your circumstances.
Sba Loan Authorization And Agreement Form In Oakland
Category:
State:
Multi-State
County:
Oakland
Control #:
US-00193
Format:
Word;
Rich Text
Instant download
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FAQ
Eligibility requirements Be an operating business. Operate for profit. Be located in the U.S. Be small under SBA size requirements.
The partnership agreement represents the delegation of the SBA's 8(a) contract execution authority to other federal agencies. The purpose of the partnership agreement is to streamline the contract execution process between the SBA, the participating federal agency and the 8(a) participant.
A: 504 loans under the Debt Refinancing Program must be funded within 9 months of SBA approval. An extension can be requested, and if approved, will be up to only 6 additional months. No further extensions will be granted.
How to fill out SBA form 413 Provide basic business information. Report your assets. Report your liabilities. List your source of income and contingent liabilities to complete section 1. Detail your notes payable to banks and others in section 2. Detail the status of your stocks and bonds for section 3.
Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
Are SBA loans public record? Yes, information on loans issued by the SBA is publicly available and subject to release under the Freedom of Information Act.